The Fifth Circuit’s Decision Finding The CFPB Is Unconstitutional And Overturning Its Payday Lending Rule Is Legally Defective

WASHINGTON, D.C.— Dennis Kelleher, Cofounder, President and CEO, issued the following statement in response to the recent decision by the U.S. Court of Appeals for the Fifth Circuit in Community Financial Services Association of America, Ltd. v. Consumer Financial Protection Bureau: “A three-judge panel of the U.S. Court of Appeals for the Fifth Circuit found… View ArticleOriginal Article